AvalonBay Communities Inc (AVB) : Chilton Capital Management scooped up 5,819 additional shares in AvalonBay Communities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 115,390 shares of AvalonBay Communities Inc which is valued at $19,754,768.AvalonBay Communities Inc makes up approximately 2.07% of Chilton Capital Management’s portfolio.
Other Hedge Funds, Including , Peak6 Investments boosted its stake in AVB in the latest quarter, The investment management firm added 1,361 additional shares and now holds a total of 1,843 shares of AvalonBay Communities Inc which is valued at $315,522. AvalonBay Communities Inc makes up approx 0.02% of Peak6 Investments’s portfolio.Blackrock Japan Ltd boosted its stake in AVB in the latest quarter, The investment management firm added 4,005 additional shares and now holds a total of 183,897 shares of AvalonBay Communities Inc which is valued at $31,394,896. AvalonBay Communities Inc makes up approx 0.11% of Blackrock Japan Ltd’s portfolio.Manning Napier Advisors reduced its stake in AVB by selling 4,110 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 67,490 shares of AVB which is valued at $11,423,357. AvalonBay Communities Inc makes up approx 0.07% of Manning Napier Advisors’s portfolio.Texas Permanent School Fund reduced its stake in AVB by selling 2,214 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 42,288 shares of AVB which is valued at $7,081,548. AvalonBay Communities Inc makes up approx 0.10% of Texas Permanent School Fund’s portfolio.
AvalonBay Communities Inc closed down -1.77 points or -1.08% at $162.32 with 9,18,915 shares getting traded on Monday. Post opening the session at $163.92, the shares hit an intraday low of $161.29 and an intraday high of $164.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, AvalonBay Communities Inc reported $2.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $2.08.Analysts expectations of $ 513.79.During the same quarter in the previous year, the company posted $2.02 EPS.
Investors should note that on Nov 10, 2016, AvalonBay Communities Inc announced a cash dividend of $1.3500. The company’s management has announced Dec 28, 2016 as the ex-dividend date and fixed the record date on Dec 30, 2016. The payable date has been fixed on Jan 16, 2017.
Many Wall Street Analysts have commented on AvalonBay Communities Inc. AvalonBay Communities Inc was Upgraded by Sandler O’Neill to ” Buy” on Sep 6, 2016.
AvalonBay Communities Inc. is a real estate investment trust (REIT). The Company develops redevelops acquires owns and operates multifamily communities primarily in New England the New York/New Jersey metro area the Mid-Atlantic the Pacific Northwest and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74240 apartment homes in 11 states and the District of Columbia of which around 228 communities contain around 66631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest and approximately 22 communities contain around 6991 apartment homes. It operates apartment communities under three core brands: Avalon AVA and Eaves by Avalon.